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Oct 16, 2013
10/13
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the ceo of the retailer cites "the tough and unpredictable global economy." wal mart is also unveiling a new strategy : shrink its stores. it will open a number of smaller stores as it tries to grow its network. some walmart's larger stores will serve as warehouses. thanks chuck. coming up...how one trader is toying with mattel ahead of earnings. and-- office etiquette...are we losing our manners in the work place. miss manners joins bill moller to set us straight after the break. th a deadly disease. i was one of them. i'm a nurse and i knew how damaging the disease was to my life. nothing i tried seemed to work. my brother died. from complications of the exact same preventable disease and i knew i had to do something to get healthy. my disease was obesity and after consulting with my doctor, i received the effective treatment i needed. obesity is a second leading cause of preventable death in the united states. but it's a treatable disease, and there's effective treatment options available. now is time to get help. please join the obesity action coalition a
the ceo of the retailer cites "the tough and unpredictable global economy." wal mart is also unveiling a new strategy : shrink its stores. it will open a number of smaller stores as it tries to grow its network. some walmart's larger stores will serve as warehouses. thanks chuck. coming up...how one trader is toying with mattel ahead of earnings. and-- office etiquette...are we losing our manners in the work place. miss manners joins bill moller to set us straight after the break. th...
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Oct 15, 2013
10/13
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more on how companies are ramping up spending and what that says about the economy. also, we are pleased to welcome miss manners. she's out with a new book about manners in the business world. from the sales field to a corporate management-- miss manners has tips for you. from all of us at first business, thank you for watching today and everyday. have a great day everyone! >> the following is a paid presentation for supersmile, brought to you by guthy-renker. none of the testimonials or dentists in this show have been paid to share their opinions. >> a bright and healthy smile can be your biggest beauty asset. it's one of the first things people notice about you. but if you're embarrassed by your smile because of your stained, discolored, dull teeth, it's hard to feel good about yourself. now you can turn back the clock on your teeth and safely get a naturally whiter, brighter, sexier smile thanks to an astonishing new teeth whitening system. it's time to turn your smile
more on how companies are ramping up spending and what that says about the economy. also, we are pleased to welcome miss manners. she's out with a new book about manners in the business world. from the sales field to a corporate management-- miss manners has tips for you. from all of us at first business, thank you for watching today and everyday. have a great day everyone! >> the following is a paid presentation for supersmile, brought to you by guthy-renker. none of the testimonials or...
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Oct 23, 2013
10/13
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KICU
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but sectors within the economy are not responding equally. retail added 20,800 jobs but manufacturing only 2,000 housing, in the last quarter added 19,000. jobs but that's not quite half what it was at the beginning of the year. "this month's jobs report shows us the long-term challenge to housing. it's that young people are still living at home and not back to work. it's no different than it was a year ago." next week, officials at the federal reserve will meet to discuss monetary policy. many economists think the fed will maintain it's bond-buying program until sometime next year. consumers are tightening their grips on their wallets in response to the standoff on capitol hill. here's what bankrate.com found in a poll of the people... well, some of the responses i think were very clearly tied in with the government shutdown and debt ceiling brinksmanship's. specifically, of those that are holding back on their spending.. 1 in 5 cited worries about the economy and when we looked at job security in the month of october... it absolutely plunge
but sectors within the economy are not responding equally. retail added 20,800 jobs but manufacturing only 2,000 housing, in the last quarter added 19,000. jobs but that's not quite half what it was at the beginning of the year. "this month's jobs report shows us the long-term challenge to housing. it's that young people are still living at home and not back to work. it's no different than it was a year ago." next week, officials at the federal reserve will meet to discuss monetary...
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Oct 18, 2013
10/13
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so what kind of signs are you seeing with the economy right now? > >the industrial packaging part has been a little bit soft. the reason is our industrial packaging business is tied to industrial gdp. industrial gdp has been very poor in europe where we are highly exposed in that part of the business. this has been a little bit sluggish in the u.s. so by definition we have not done very well there so far. in food packaging and in food safety, we've been doing quite well because it's mostly for us about meat consumption. and meat consumption in the emerging world has been very strong. especially out of latin america. quite good because we have strong market shares in the u.s. and good also in the eastern part of europe. > >so that's a good growth area for you. > >that's right. > >thank you for coming on the show today. next time bring the bubble wrap though. > >i will. although it is 2% of our sales but it is the legacy of our company. > >and a stress reliever. > >and it's fun. > >very fun. thanks again. coming up...the holiday shopping craze is jus
so what kind of signs are you seeing with the economy right now? > >the industrial packaging part has been a little bit soft. the reason is our industrial packaging business is tied to industrial gdp. industrial gdp has been very poor in europe where we are highly exposed in that part of the business. this has been a little bit sluggish in the u.s. so by definition we have not done very well there so far. in food packaging and in food safety, we've been doing quite well because it's...
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Oct 18, 2013
10/13
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KICU
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according to the chamber of commerce, that four day strike cost the regional economy more than $200 million in lost productivity. and extra delays put 1,600 pounds of carbon dioxide in the air every day. >>> we're told five and 15 buses will run from each of the five east bay locations. the service is from 5:00 to 9:00 in the morning. the buses will drop off passengers in san francisco. return trips will leave between 3:00 and 7:00 p.m. if the strike goes into the weekend, b.a.r.t. says it plans to run three buses to and from each of the same locations in the morning and evening. >>> ac transit will not be on strike after governor brown ordered a board. ferries will also expected to be packed with commuters tomorrow. they will operate 12 boats instead of the usual eight. that means it can ferry 12,000 passengers per day. two of the boats are on loan. at ktvu.com you will find a comprehensive list of transit options, look on the special section right there on the front page. tomorrow morning the ktvu morning team will be starting at 4:00 a.m. just in time for that seiu press conference you h
according to the chamber of commerce, that four day strike cost the regional economy more than $200 million in lost productivity. and extra delays put 1,600 pounds of carbon dioxide in the air every day. >>> we're told five and 15 buses will run from each of the five east bay locations. the service is from 5:00 to 9:00 in the morning. the buses will drop off passengers in san francisco. return trips will leave between 3:00 and 7:00 p.m. if the strike goes into the weekend, b.a.r.t....
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Oct 22, 2013
10/13
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KICU
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and even with the economy recovering, the u.s. seems to have stabilized in its energy use---the rest of the world a little more so. but there's plenty to be there---or plenty around for us so it's going to eventually fall into the supply-demand equation and come off, which is what we're seeing. > >what's your reaction to netflix numbers? > >wow, what a surprise. i was looking at netflix yesterday thinking---man do i wanna buy a put on this stuff. and i was ready to go in and mess with it but my computer wasn't working properly and thankfully it wasn't because what a jump after the close. > >thank you very much daniel. i'm happy to hear about that computer glitch. > >me too. thank you. apple hasn't revealed much about today's event in san francisco, but it has said it has "a lot to cover." the company is expected to take the wraps off a new lineup of ipads. apple watchers are expecting the devices to adopt noteable features of the latest generation of iphones. including touch id, a faster processing chip, and possibly even an optio
and even with the economy recovering, the u.s. seems to have stabilized in its energy use---the rest of the world a little more so. but there's plenty to be there---or plenty around for us so it's going to eventually fall into the supply-demand equation and come off, which is what we're seeing. > >what's your reaction to netflix numbers? > >wow, what a surprise. i was looking at netflix yesterday thinking---man do i wanna buy a put on this stuff. and i was ready to go in and mess...
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Oct 18, 2013
10/13
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KICU
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these last few weeks have inflicted completely unnecessary damage on our economy. >> now congress has to come up with a deal by december 13th, the hope it's not another 11th hour deal. >> we should pursue a balanced approach to a balanced budget. >> we're going to try try and find common ground and create a budget process that achieves that and we're beginning to achieve that. in washington, reporting. >>> on wall streets, stocks closed mixed, the do you dropped two points and nasdaq dropped 23. the s&p gained 11 points. >> google issued positive earnings report sending shares at an all time hi, earnings rose to nearly $3 million, 36%. add prices are still declining, and google's shares raised. >>> and there were 15,000 new claims for a unemployment of 358,000. the four-week average rose to three 36 thousand five336,500. computer problems may have screwed last week's numbers upward. >>> a major player in bay area politics takes the lead in the recreational use of marijuana. the boost supporters say it would bring to california. >>> and a bus blocked by protestors on a busy street, the
these last few weeks have inflicted completely unnecessary damage on our economy. >> now congress has to come up with a deal by december 13th, the hope it's not another 11th hour deal. >> we should pursue a balanced approach to a balanced budget. >> we're going to try try and find common ground and create a budget process that achieves that and we're beginning to achieve that. in washington, reporting. >>> on wall streets, stocks closed mixed, the do you dropped two...
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Oct 17, 2013
10/13
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KICU
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s&p estimates the government shutdown took $24 billion dollars out of the economy. the showdown in congress rattled home builders this month. a confidence index among home builders dropped to a four month low in october. analysts say the shock from the shutdown, along with the recent rise in mortgage rates -- put a damper on builders. however, the damage is expected to be a short term blip....versus a long term impact on the housing recovery. in alaska --fisherman were left on docks during the prime crab season because of the government shutdown. fishermen need federal workers for inspections well before the shell fish gets to market. and because federal workers could not do their jobs. fisherman are missing out on paychecks. at a seafood shop in anchorage-- the shelves contain crab from norway and russia as american fishers are left on land. we will go through, many, many thousands, 50 to 80,000 pounds of crab in the season before that and without that's much more than a million dollars that we will lose. november 12th is the last chance for fishermen to get their
s&p estimates the government shutdown took $24 billion dollars out of the economy. the showdown in congress rattled home builders this month. a confidence index among home builders dropped to a four month low in october. analysts say the shock from the shutdown, along with the recent rise in mortgage rates -- put a damper on builders. however, the damage is expected to be a short term blip....versus a long term impact on the housing recovery. in alaska --fisherman were left on docks during...
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Oct 21, 2013
10/13
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KICU
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the economy aims to close the gap by december 13th and today the senate majority whips that everything should be on the table including taxes. >> that means republicans have to be wanting to put revenue on the table. i just can't understand this basic premise that this tax code is sacred. that there aren't loopholes in there that should be closed and the savings be decaded to reduceing the deficit. >>> republicans refused to consider taxes but they want to lift the sequester cuts affecting the pentagon. president obama says he wants a balanced approach to the budget that is fair and will help america's hard working people. >>> president obama will speak tomorrow agent the glitches that have plagued implementation of the health care act. >> it's been a fiasco. send air force one to silican valley. load it up with smart people. bring them back to washington and fix this problem. it's ridiculous. everybody knows that. >> so far about a half million americans have applied for insurance but 7 million are expected to apply. coverage begins on january 1st. >>> gas prices fell almost a dime a
the economy aims to close the gap by december 13th and today the senate majority whips that everything should be on the table including taxes. >> that means republicans have to be wanting to put revenue on the table. i just can't understand this basic premise that this tax code is sacred. that there aren't loopholes in there that should be closed and the savings be decaded to reduceing the deficit. >>> republicans refused to consider taxes but they want to lift the sequester cuts...
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Oct 17, 2013
10/13
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. >>> so what else did the 16 days of the federal government shut down cost the american economy? $24billion according to an estimate from standard & poor's. $24billion amounts to two weeks of unemployment insurance, two years of school lunch programs, or 33% of what the country spends for food stamps each year. >>> investors had reason to cheer as the closing bell range on the stock he can change. the markets rallied on news of a deal. the dow industrials ended up gaining 205 points. s that more than 1%. the nasdaq was up 45. >>> now it to our continuing coverage of the b.a.r.t. negotiations. we're expecting an update at any moment about whether the trains will be running tomorrow. jana katsuyama is live to tell us what's happening. >> reporter: there have been some developments in just the past few minutes. earlier, seiu's president said they would call for a strike by 10:00. there are some season eiu officials and members we've seen come down just in the last few minutes and talk. we're waiting, we're standing by to see what's going on. meanwhile, negotiations still happening o
. >>> so what else did the 16 days of the federal government shut down cost the american economy? $24billion according to an estimate from standard & poor's. $24billion amounts to two weeks of unemployment insurance, two years of school lunch programs, or 33% of what the country spends for food stamps each year. >>> investors had reason to cheer as the closing bell range on the stock he can change. the markets rallied on news of a deal. the dow industrials ended up gaining...
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Oct 22, 2013
10/13
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KICU
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we look forward to collaborating with the entire community, we look forward to growing the regional economy in a way that will support working families throughout the region, thank you. >> you have been listening to, here is gavin newsom. let's listen in for a few moments to gavin newsom. >> this is the moment we've been waiting for. as they say god's delays are not god's denials. but this has got to be the last time this happens. i think everyone's fed up, and no one ever wants to see this happen again. the people in this region don't deserve it, and the folks behind me on both sides don't deserve this. if there's any lessons that have to be learned that is that we have to work together, not waiting until the end of a contract, but as we're governing together an organization that deserves a different kind of stewardship in terms of collective efforts. i just want to thank both parties for coming together. this has been an extraordinarily difficult weekend for everybody. this is a reminder, this weekend that this is about people. and a lot of people's lives have been impacted by what's happ
we look forward to collaborating with the entire community, we look forward to growing the regional economy in a way that will support working families throughout the region, thank you. >> you have been listening to, here is gavin newsom. let's listen in for a few moments to gavin newsom. >> this is the moment we've been waiting for. as they say god's delays are not god's denials. but this has got to be the last time this happens. i think everyone's fed up, and no one ever wants to...
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Oct 17, 2013
10/13
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economy $24 billion. live in washington, i'm shannon travis, now back to you. >>> wall street rallied on the news of a deal in washington d.c.. the dow gained 205 points more than 1%. the nasdaq added 45 points. bay area rang the new york bell for its initial public offering. viv a is a cloud software company in pleasantton. more than expected, its shares were priced at $20. they closed at $37 in change. that's an increase of nearly 86%. >>> happening now ac transit buses are running and a strike for tomorrow is now on hold. just about three hours ago, governor brown stepped into the contract dispute and ordered a review of the labor dispute. that prevents the transit union from striking for the next seven days. bus drivers we spoke with say they don't want to strike. they want a fair contract. >> i don't want to be on strike. my -- my family has to use public transit to get to school and they have to do as well as our regular riders. >> ac transit drivers have already turned down two contract offers. neg
economy $24 billion. live in washington, i'm shannon travis, now back to you. >>> wall street rallied on the news of a deal in washington d.c.. the dow gained 205 points more than 1%. the nasdaq added 45 points. bay area rang the new york bell for its initial public offering. viv a is a cloud software company in pleasantton. more than expected, its shares were priced at $20. they closed at $37 in change. that's an increase of nearly 86%. >>> happening now ac transit buses are...
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Oct 15, 2013
10/13
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we stand a good chance of defaulting and defaulting would have a potential devastating effect on our economy. >> sources say the deal currently in the work would lift the debt limits to the first week of february and include the resolution to finance the government through mid january. the dow industrial rose 64 points after starting the day lower and nasdaq gained 23. at this point the markets are trading exclusively on news of washington. >>> in the government shutdown continues, 5500 lab workers are expected to furloughed on wednesday. . livermore lab is one of the country's leading research center and it works on a number of projects including security and weapon detection and technology. >>> the government shutdown of the highest default in season. the national parks are losing $76 million a day because of the shut down. here in california yosemite park are missing in revenues and the figure come frs the coalition national park retirees. the local touing hitting hard because of the shutdown. >>> the big changes here is to move from the star test to computer pilot testing. >> 21st centur
we stand a good chance of defaulting and defaulting would have a potential devastating effect on our economy. >> sources say the deal currently in the work would lift the debt limits to the first week of february and include the resolution to finance the government through mid january. the dow industrial rose 64 points after starting the day lower and nasdaq gained 23. at this point the markets are trading exclusively on news of washington. >>> in the government shutdown...
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Oct 17, 2013
10/13
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ALJAZAM
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economy would slow down, if not sees up, and the global economy could have seized up as well. so that issue that's gone away, at least for the time being, and as mike viqueira said, the problem is 3 months away, ands this the biggest problem of all. you've seen the comments in the websites this morning, 205-point rise on the dow yesterday. it was a message to washington. you should have done this weeks ago, and maybe, just maybe, the biggest problem to the u.s. economy is the elected representatives in congress. >> the good news coming out of washington, as mike viqueira mentioned, the panda weighing 5 pounds. >> top end the shutdown on
economy would slow down, if not sees up, and the global economy could have seized up as well. so that issue that's gone away, at least for the time being, and as mike viqueira said, the problem is 3 months away, ands this the biggest problem of all. you've seen the comments in the websites this morning, 205-point rise on the dow yesterday. it was a message to washington. you should have done this weeks ago, and maybe, just maybe, the biggest problem to the u.s. economy is the elected...
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have an economy does the u.s. have an economy to record towards the rich. well let me let me answer something that before i get to this so i think you know worrying about getting to levels of debt to g.d.p. that japan has right now you know if we were actually headed there that would really be something to be worried about but that's just not what the data tells us the recent the recent projections by are not an artisan congressional budget office tells us that our debt to g.d.p. levels are going to stay right right around where they are for the next ten years and yes they're going to gradually rise after that we do need to look at ways to reform our entitlements so that they don't get out of control but that's again not an immediate crisis pricilla and it's not right to say that i want whenever we raise the debt ceiling we're somehow devaluing our currency. the debt ceiling as an american hero you want the countries around the world do their gentlemen gentlemen i have to john to hear we're going to go to a short break and after that short break we'll conti
have an economy does the u.s. have an economy to record towards the rich. well let me let me answer something that before i get to this so i think you know worrying about getting to levels of debt to g.d.p. that japan has right now you know if we were actually headed there that would really be something to be worried about but that's just not what the data tells us the recent the recent projections by are not an artisan congressional budget office tells us that our debt to g.d.p. levels are...
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Oct 17, 2013
10/13
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saying that our economy remains more dynamic and resilient than other advanced economies and that the only thing putting us at risk is, and i'm quoting here, repeated brinksmanship. that's what the credit rating agencies say. that wasn't a political statement. that was an analysis of what's hurting our economy by people whose job it is to analyze these things, that also happens to be the view of our diplomats who have been hearing from their counter parts internationally. some of the same folks who pushed for the shutdown and threatened default claim their actions were needed to get america back on the right track, to make sure we're strong, but probably nothing has done more damage to america's credibility in the world, our standing with other countries than the spectacle that we've seen these past several weeks. it's encouraged our enemies. it's emboldened our competitors and it's depressed our friends who look to us for steady leadership. now the good news is we'll bounce back from this. we always do. america's the bedrock of the global economy for a reason. we are the indispensabl
saying that our economy remains more dynamic and resilient than other advanced economies and that the only thing putting us at risk is, and i'm quoting here, repeated brinksmanship. that's what the credit rating agencies say. that wasn't a political statement. that was an analysis of what's hurting our economy by people whose job it is to analyze these things, that also happens to be the view of our diplomats who have been hearing from their counter parts internationally. some of the same folks...
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Oct 18, 2013
10/13
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economy. bigger concern, $30 billion can be made up for. we can make that up, the economy can grow faster next year perhaps. the uncertainty is what comes in, the spend decision are made by individuals and businesses. they are lacking confidence and what's more serious it's not just the lack of confidence about not knowing what's happening. it's this new fear that the group of people in congress who spearheaded this move to shut the government down and to perhaps not raise the debt ceiling are people who are not looking towards a greater economic fix. you'll remember jong we have not had a real -- john we have not had a real discussion about the budget, this is a particular faction in the republican party and it's about obamacare. until now you have had conservatives and liberals arguing about budget and austerity. now there are individuals out there thinking there are people who are forcing legislation in washington who are not actually getting into a discussion about what's right for the eco
economy. bigger concern, $30 billion can be made up for. we can make that up, the economy can grow faster next year perhaps. the uncertainty is what comes in, the spend decision are made by individuals and businesses. they are lacking confidence and what's more serious it's not just the lack of confidence about not knowing what's happening. it's this new fear that the group of people in congress who spearheaded this move to shut the government down and to perhaps not raise the debt ceiling are...
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Oct 17, 2013
10/13
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CNNW
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over the past four years, our economy has been growing. our businesses have been creating jobs and our deficits have been cut in half. we hear some members who pushed for the shutdown say they were doing it to save the american economy. but nothing has done more to undermine our economy these past three years than the kind of tactics that create these manufactured crises. you don't have to take my word for it. the agency that put america's credit rating on watch the other day explicitly krooitd all of this, saying our economy remains more resilient than other advanced economies and the only thing putting us at risk is -- and i'm quoting here -- repeated brinksmanship. that's what the credit rating agency said. it wasn't a political statement. that was an analysis of what's hurting our economy by people whose jobs it is to analyze these things. that also happens to be the view of our diplomats who have been hearing from their counterparts internationally. so the same folks who pushed for the shutdown and threatened default claim their actio
over the past four years, our economy has been growing. our businesses have been creating jobs and our deficits have been cut in half. we hear some members who pushed for the shutdown say they were doing it to save the american economy. but nothing has done more to undermine our economy these past three years than the kind of tactics that create these manufactured crises. you don't have to take my word for it. the agency that put america's credit rating on watch the other day explicitly krooitd...
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Oct 16, 2013
10/13
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ALJAZAM
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but we have to get the economy growing. we're working at an economy far below capacity. what that means is that workers have stagnant wages and these numbers that they're missing on will never be regained again. >> thank you for joining us. sylvia salgretto, from u.s uc berkeley. >> one company selling popcorn, but not in the way that you might think. >> hiring temp workers in time for the holiday rush. they were about to receive a lone, but the government shutdown delayed the low. you're doing well. you're expanding. you want to hire people. you have a small business administration loan. it's still you borrowing money from a bank, but it has to go through the government. you were close, what, within a couple of days? >> yeah, we were very close. >> so now what happens? you're watching closely. we're watching the nat, we are watching the house, they're going to open up tomorrow morning and you're going to call and say, give me my. minute. >> we're not achieving much, so now we just wait. >> the holiday season that we think comes in right after thanksgiving, but seems to
but we have to get the economy growing. we're working at an economy far below capacity. what that means is that workers have stagnant wages and these numbers that they're missing on will never be regained again. >> thank you for joining us. sylvia salgretto, from u.s uc berkeley. >> one company selling popcorn, but not in the way that you might think. >> hiring temp workers in time for the holiday rush. they were about to receive a lone, but the government shutdown delayed the...
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Oct 17, 2013
10/13
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economy. this woman vite. this economy has been lousy for five straight years. incomes are lower today than they were before the recession. we are still some three million, four million jobs below where we were back in 2007. it's been a paltry recovery. there are some things to be optimistic about. the energy industry. the biggest oil and gas boom in this country is going on right now. it's a wonderful thing to see. our front page last week i heard you guys talk about this. the united states is now the number one energy producing country in the world. fantastic. those are high-paying jobs, $75,000, $80,000 a year. technology industries are doing very well. and that's the future. the digital age. that's fantastic. number three, american corporations and companies, small and large, they have really become lean, mean fighting machines. and i believe if you want to look at the best run companies in the world, they are here in the united states. and that used to not be the case. ladies and gentlemen, there is some reason for optimism. we got to keep our fingers cross
economy. this woman vite. this economy has been lousy for five straight years. incomes are lower today than they were before the recession. we are still some three million, four million jobs below where we were back in 2007. it's been a paltry recovery. there are some things to be optimistic about. the energy industry. the biggest oil and gas boom in this country is going on right now. it's a wonderful thing to see. our front page last week i heard you guys talk about this. the united states is...
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Oct 16, 2013
10/13
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the global economy. and we're very hopeful that we ill have resolved this issue soon if congress takes action for now, but it's important going forward that the effect of flirtation with reaching the debt ceiling and the flirtation with default is negative in all cases and harmful to the american people in all cases and harmful to the economy in all cases. say you don't care what people around the world think, but you ought to care if only because people around the world invests in the united states and don't have to. so the security of that investment needs to be protected. >> this could impair the global economy? >> well, no, i'm not going to make projections about the global economy. we know -- and i'm citing financial press reports. no inside information. but we know there has been a negative impact already of the shutdown and of the flirtation with reaching the debt ceiling and that's why it's so important to come to a resolution so we can move forward. >> first, would the president sign off on this
the global economy. and we're very hopeful that we ill have resolved this issue soon if congress takes action for now, but it's important going forward that the effect of flirtation with reaching the debt ceiling and the flirtation with default is negative in all cases and harmful to the american people in all cases and harmful to the economy in all cases. say you don't care what people around the world think, but you ought to care if only because people around the world invests in the united...
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Oct 16, 2013
10/13
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economy. >> is he confident that both the senate and the house will be able to vote on this measure today? >> we leave parliamentary procedures to the congress. we obviously hope that each house will be able to act swiftly. because we're already on day 16, i think, correct me if i'm wrong, of a wholly unnecessary shutdown of government, with real consequences for real people. and we are obviously, you know, very close to the point beyond which the united states treasury no longer has the authority to borrow new money to meet our obligations. so, as soon as possible is essentially the recommendation we have from here. >> since we are so close to that deadline, are there any operations or procedures that are going in place today to prepare for the possibilities that congress cannot pass this measure today? >> the treasury is the place that would answer questions like that. what i can tell you is what secretary lew has made clear in his testimony and in his letter to congress and that is that the
economy. >> is he confident that both the senate and the house will be able to vote on this measure today? >> we leave parliamentary procedures to the congress. we obviously hope that each house will be able to act swiftly. because we're already on day 16, i think, correct me if i'm wrong, of a wholly unnecessary shutdown of government, with real consequences for real people. and we are obviously, you know, very close to the point beyond which the united states treasury no longer...
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economy which by the way dominic to fill panther not safer can come boom batman if you want to protect ourselves from the economy which has strapped on a collective suicide vest we better have solid blast barriers in place first up is the redistribution of risk at the moment the collapsing financial system is one in which risk was separated from rewards then bundled up and sold off to unsuspecting investors around the world and one of the main pillars of pricing risk is the credit rating agency as i've said right here in kaiser report many times it's time to read architect is by starting our own true global credit rating agencies oh my god stacy herbert this is the beginning of the true in the suresh and it's the post period those couple may give you a pen with said well dominic developed and of course was the prime minister france and he famously said no to that in american when we wanted to invade iraq with everybody behind us the french refused and he was hated frate freedom fries were introduced let alone. well he. now in hong kong any the chairman of the universal credit rating gr
economy which by the way dominic to fill panther not safer can come boom batman if you want to protect ourselves from the economy which has strapped on a collective suicide vest we better have solid blast barriers in place first up is the redistribution of risk at the moment the collapsing financial system is one in which risk was separated from rewards then bundled up and sold off to unsuspecting investors around the world and one of the main pillars of pricing risk is the credit rating agency...
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Oct 23, 2013
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the largest economy. it very much a coal-fired system , but africa itself has huge hydro power resources. it could power much of the continent and in of itself. it is a huge challenge to actually unlock the massive investments, the policy investment instead be made in the investment. power between the supply and demand of those areas. we're working on a long-term basis. we have countries to meet their immediate needs, but the longer term plan that will unlock some of these cleaner available. >> of course, many would have significant concerns. again, not us because we don't have concerns about anything. just the numbers. there are a couple of microphones, and i would invite people to come up to ask questions. as the conversation progresses, do you want to ask something? >> i want to ask one comment. we also do forecasts with the level of energy and co2 emissions. we show the zero ec emissions trending down, down 20 plus%. overall energy is up 20% level. energy demand of about 30 percent, but emissions are
the largest economy. it very much a coal-fired system , but africa itself has huge hydro power resources. it could power much of the continent and in of itself. it is a huge challenge to actually unlock the massive investments, the policy investment instead be made in the investment. power between the supply and demand of those areas. we're working on a long-term basis. we have countries to meet their immediate needs, but the longer term plan that will unlock some of these cleaner available....
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Oct 16, 2013
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we have the ability to move the economy along, but it takes a growing economy, it takes one where you have real spending that's in line with what your revenue is. you know, if you take in about $2.5 trillion, $3 trillion and spend $3 trillion, you have a problem. >> those are all important issues. congressman harper, let me bring you back in. you're going to vote in favor of it, and i'm still unclear if congressman harp -- pitinger is going to vote in favor, but you're at least pleased the u.s. is going to pay all its financial obligations between now and february and that people are not going to have to worry about getting their social security benefits, veterans are not going to have to worry about getting their checks in the mail. and all the other expenditures that are so critically important to your constituents out there, congressman harper, you're not worried about at least between now and january or february, those folks having problems? >> well, wolf, i'm not at all happy about the overall deal, but you're right. we can't really run the risk of having the nation go into defau
we have the ability to move the economy along, but it takes a growing economy, it takes one where you have real spending that's in line with what your revenue is. you know, if you take in about $2.5 trillion, $3 trillion and spend $3 trillion, you have a problem. >> those are all important issues. congressman harper, let me bring you back in. you're going to vote in favor of it, and i'm still unclear if congressman harp -- pitinger is going to vote in favor, but you're at least pleased...
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Oct 19, 2013
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to take a step that threatens our economy, hurts our economy, hurts our growth levels, an economy that has been through some rough times and is looking like it may be on the right track -- why would you take a step that would deliberately hurt our economy? and hurting our national defense. let me tell you, from my own experience -- i just had the opportunity to come from the pentagon -- a combination of the sequester and this shutdown has hurt our national defense. not only are some very important elements of our defense being put on hold, 12 air force squadrons, combat squadrons of that have been grounded, half of air force planes are not ready for combat -- we have ships that are not being deployed. there is maintenance that is not being done. we are virtually hollowing out our military. at a very important time when we face all kinds of threats abroad in this country. this is still a dangerous world that we live in. then the shutdown top of that, the furloughs, the impact this is having on the men and women in the defense department is inexcusable, in terms of protecting this countr
to take a step that threatens our economy, hurts our economy, hurts our growth levels, an economy that has been through some rough times and is looking like it may be on the right track -- why would you take a step that would deliberately hurt our economy? and hurting our national defense. let me tell you, from my own experience -- i just had the opportunity to come from the pentagon -- a combination of the sequester and this shutdown has hurt our national defense. not only are some very...
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Oct 23, 2013
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though the economy is weak. are these record-highs justified? >> i think they are. we've seen, obviously, four record highs in a row and historically when stocks reach new record highs like they just did, we continued to see stocks move higher that need to be supported by economic growth and job growth we an average growth of 2% a year for the last four years and that's sufficient to support stock prices over that 4.5 year period. the economy looks like it's stuck in sort of first year, more of 2% growth certainly hindered by uncertainty but strong enough to support continued high stock prices. >> kate, malane and other people we talk to seem to think that all of the hesitation and the policies by lurching from crisis to crisis is fundamentally a tax on the economy and growth because it restrains consumers. do you see it that way, and how much is it really hurting the economy and hurting, for example, job growth? >> i think it's hurting the economy in two ways. it's not just -- i wouldn't quite call it an attack
though the economy is weak. are these record-highs justified? >> i think they are. we've seen, obviously, four record highs in a row and historically when stocks reach new record highs like they just did, we continued to see stocks move higher that need to be supported by economic growth and job growth we an average growth of 2% a year for the last four years and that's sufficient to support stock prices over that 4.5 year period. the economy looks like it's stuck in sort of first year,...
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find out what's really happening to the global economy kinds of reports. to come up close to. the first trip. and i think picture. on a reporter's twitter. and instagram. could be in the little odd. clip on your arm and watch it in. the face. and. a pleasure to have you with us here today.
find out what's really happening to the global economy kinds of reports. to come up close to. the first trip. and i think picture. on a reporter's twitter. and instagram. could be in the little odd. clip on your arm and watch it in. the face. and. a pleasure to have you with us here today.
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Oct 16, 2013
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in fact would sell the economy out if it meant political gain for them. and i think that's very unfortunate, very irresponsible and i think this kind of political grand standing has to stop, the speaker needs to show some leadership qualities. we need to get the debt limit increased, we need to get the government running again and move this ship down the road so we can start paying our bills with an economy that's vibrant, not one that's being depressed. >> how has this been playing in montana? >> it hasn't been playing well, i'll tell you that. the republicans in the house have gotten beat up pretty bad by the actions that they have taken over the last three weeks. and quite frankly, rightfully so. so it hasn't been playing well at all. people are sick of the political gamesmanship. >> if the house had passed this bill tonight which collapsed which had this one demand, this vitter amendment this idea that you wouldn't let the federal government pay any employee contribution for members of the house or their staff, would you have voted that down in the se
in fact would sell the economy out if it meant political gain for them. and i think that's very unfortunate, very irresponsible and i think this kind of political grand standing has to stop, the speaker needs to show some leadership qualities. we need to get the debt limit increased, we need to get the government running again and move this ship down the road so we can start paying our bills with an economy that's vibrant, not one that's being depressed. >> how has this been playing in...
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Oct 18, 2013
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economy? joining us now with his analysis, simon johnson, he's former chief economist at the international monetary fund and a professor of economics at mit. so good to see you again. >> thanks for having me. >> simon, you heard what president obama said that this whole crisis set our economy back. do you agree with that, and if so, what will it take? how long will it take for the economy to bounce back? >> unfortunately, i agree completely. the amount of uncertainty created will turn out to depress growth, reduce job creation not just this quarter but i fear for the first quarter of next year. >> simon, let me talk about the international response michelle was talking about, china being one but only one player in the world of international finance. last night mohammed of pimco said if we keep doing this kind of lurching from crisis to crisis, eventually, other countries, other players will build pipes around us. do you agree with that? >> i certainly agree with moe h mohammed investors are lo
economy? joining us now with his analysis, simon johnson, he's former chief economist at the international monetary fund and a professor of economics at mit. so good to see you again. >> thanks for having me. >> simon, you heard what president obama said that this whole crisis set our economy back. do you agree with that, and if so, what will it take? how long will it take for the economy to bounce back? >> unfortunately, i agree completely. the amount of uncertainty created...
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Oct 17, 2013
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economy? joining us now with his analysis, simon johnson, he's former chief economist at the international monetary fund and a professor of economics at mit. so good to see you again. >> thanks for having me. >> simon, you heard what president obama said that this whole crisis set our economy back. do you agree with that, and if so, what will it take? how long will it take for the economy to bounce back? >> unfortunately, i agree completely. the amount of uncertainty created will turn out to depress growth, reduce job creation not just this quarter but i fear for the first quarter of next year. >> simon, let me talk about the international response michelle was talking about, china being one but only one player in the world of international finance. last night mohammed of pimco said if we keep doing this kind of lurching from crisis to crisis, eventually, other countries, other players will build pipes around us. do you agree with that? >> i certainly agree with moe h mohammed investors are lo
economy? joining us now with his analysis, simon johnson, he's former chief economist at the international monetary fund and a professor of economics at mit. so good to see you again. >> thanks for having me. >> simon, you heard what president obama said that this whole crisis set our economy back. do you agree with that, and if so, what will it take? how long will it take for the economy to bounce back? >> unfortunately, i agree completely. the amount of uncertainty created...
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china's economy on the rise. growing by its fastest pace so far this year, why only some in the country are bennetting, though. president obama picks his next homeland security chief. the experience that he would bring to the table. and the hacker group anonymous getting involved with a missouri rape case. the impact it's having on efforts to reach justice. uncovers unheard, fascinating news stories? >> they share it on the stream. >> social media isn't an after-thought, it drives discussion across america. >> al jazeera america's social media community, on tv and online. >> this is your outlet for those conversations. >> post, upload and interact. >> every night share undiscovered stories. al jazeera america - a new voice in american journalism - >> introduces america tonight. >> in egypt, police fired teargas at supporters of the ... >> a fresh take on the stories that connect to you. [[voiceover]] they risk never returning to the united states. >> grounded. >> real. >> unconventional. [[voiceover]] we spent ti
china's economy on the rise. growing by its fastest pace so far this year, why only some in the country are bennetting, though. president obama picks his next homeland security chief. the experience that he would bring to the table. and the hacker group anonymous getting involved with a missouri rape case. the impact it's having on efforts to reach justice. uncovers unheard, fascinating news stories? >> they share it on the stream. >> social media isn't an after-thought, it drives...
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Oct 17, 2013
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all right, let's talk more about the economy, the impact it will have on the economy, not just in the united states but around the world. standard and poors says 20 billion is what it will cost the u.s., about one and a half billion for each day of the shutdown, and standard and poors warned the impact is not over. it says consumer confidence has been hurt by the shutdown. and if the issue resurfaces, people will be nervous and afraid to open up their checkbook. now, it was two years ago that america downgraded -- >> so what is s&p thinking right now in the wake of yet another 11th hour deal? well, cnn asked the managing director, john chambers. >> the reason we're at double a, and not triple a, a couple of reasons, that you have to worry about the united states not paying its debt on time indicates it is not worthy of a triple a rating. we believe we'll be back here in january, worrying about the same issues, and given the composition of congress, it will probably still be acrimonius, so we'll just have to see, but i fear this is a permanent feature of our budgetary process. >> a per
all right, let's talk more about the economy, the impact it will have on the economy, not just in the united states but around the world. standard and poors says 20 billion is what it will cost the u.s., about one and a half billion for each day of the shutdown, and standard and poors warned the impact is not over. it says consumer confidence has been hurt by the shutdown. and if the issue resurfaces, people will be nervous and afraid to open up their checkbook. now, it was two years ago that...
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we will still be borrowing substantial amounts of money next year the growth rate of the economy hasn't increased in any material way i know typically exiting the bailout is only you only end up paying hedge funds by borrowing from pension funds because it means in proper english and clear english so my my sense is that what we have is a situation whereby in the last three years the irish government how was the opportunity to change the growth potential of the country to address some internal problems that we have with respect to give those in vested interests a trade union movements but ultimately did nothing so you know good. to repeat a great expression the irish establishment never misses an opportunity to miss an opportunity and here's been one and so what we go we go back and issue bonds to. mention foams and to investors in london but it's hardly a sign of success what would you say that about the fact that island on the face of it looks to be in a much better stick to a send the like south pole it's a goal cyprus greece would say so what's ireland doing i mean it's a very very d
we will still be borrowing substantial amounts of money next year the growth rate of the economy hasn't increased in any material way i know typically exiting the bailout is only you only end up paying hedge funds by borrowing from pension funds because it means in proper english and clear english so my my sense is that what we have is a situation whereby in the last three years the irish government how was the opportunity to change the growth potential of the country to address some internal...
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Oct 15, 2013
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economy and to the global economy as a result of spillover effects. in response to a question about debt prioritization, she said when you're the largest economy in the world, the safe haven in all circumstances as has been the case, you can't go into that creative accounting business. christine la guard, chief of the international monetary fund. it's an interesting thing in politics. you can always find somebody who will agree with almost almost any point of view. and tea party republicans have rounded up some flat earth economists who say default on the debt is really not a big deal. in fact, i've heard my colleagues some on the floor arguing we have to pick and choose who is going to get paid. you won't even notice. reminds me, mr. president, you were in the house as i was when there was the gingrich shutdown of the government and rush limbaugh and others, they'll shut down the government and no one will notice. they noticed in a hurry. after two weeks they finally reopened the government. this, sadly, is much more grievous and will have terrible c
economy and to the global economy as a result of spillover effects. in response to a question about debt prioritization, she said when you're the largest economy in the world, the safe haven in all circumstances as has been the case, you can't go into that creative accounting business. christine la guard, chief of the international monetary fund. it's an interesting thing in politics. you can always find somebody who will agree with almost almost any point of view. and tea party republicans...
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Oct 17, 2013
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threatensstep that our economy, hurts our economy, hurts our growth level, an economy that has been through some rough times and is looking like it may be on the right track -- why would you take a step that would deliberately hurt our economy? and hurting our national defense. let me tell you, from my own experience -- i just had the opportunity to come from the pentagon -- a combination of the sequester and this shutdown has hurt our national defense. not only are some very important elements of our defense being 12 air force squadrons, combat squadrons of that have been grounded, half of our air force planes are not we haver combat -- ships that are not being deployed. there is maintenance that is not being done. we are virtually hollowing out our military. at the very important time when we face all kinds of threats abroad in this country. this is still a dangerous world that we live in. then the shutdown top of that, the furloughs, the impact this is having on the men and women in the defense department is inexcusable, in terms of protecting this country. america and americans when the
threatensstep that our economy, hurts our economy, hurts our growth level, an economy that has been through some rough times and is looking like it may be on the right track -- why would you take a step that would deliberately hurt our economy? and hurting our national defense. let me tell you, from my own experience -- i just had the opportunity to come from the pentagon -- a combination of the sequester and this shutdown has hurt our national defense. not only are some very important elements...
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Oct 16, 2013
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, the world's economy and most importantly, to your economy. members of congress on the right and left why they failed to end this so far, plus some of the
, the world's economy and most importantly, to your economy. members of congress on the right and left why they failed to end this so far, plus some of the
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Oct 20, 2013
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to grow the economy. now, you talk about increasing tax rates, we've just been through a great big tax increase in january of this year. we raised taxes at the president's request and the republicans went along with it. by $640 billion. so the question is how much -- what's the amount? all of that has to be negotiated but you can't just say that we will do an equal amount of entitlement restraint for an equal amount of additional tax increases. we've already raised taxes this year by $640 billion. these are all things that need to be negotiated and, yes, hopefully there will be some way to negotiate a budget or a major fiscal reform package. paul ryan has got some terrific ideas. paul ryan frankly in my view is one of the upcoming stars of the republican party. and he's got the right idea. and he's extraordinarily bright and i am delighteded to see that he's the one representing my party at the table. >> we'll be back in a moment. more with james baker including his thoughts on his own senator who is of c
to grow the economy. now, you talk about increasing tax rates, we've just been through a great big tax increase in january of this year. we raised taxes at the president's request and the republicans went along with it. by $640 billion. so the question is how much -- what's the amount? all of that has to be negotiated but you can't just say that we will do an equal amount of entitlement restraint for an equal amount of additional tax increases. we've already raised taxes this year by $640...
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economy. the bill for this gridlock is in the billions, estimates are over 20 billion. >> sure. >> it threatened a downgrade to our credit rating again. it's had a negative impact on employment, business earn beings, borrowing costs, consumer confidence took the biggest hit since 2,008. residential real estate may have suffered. >> correct. >> where due see the bulk of the impact ? >> there are two problems, all the stuff you just mentioned doesn't mat some 50 members of congress that go back to air that i stood firm. they don't care that china is talking did the deamerican saying of the economy and yield rates might go up and it might be more expense five america to borrow money. they singing minded in the focus, it doesn't matter on that side. where the impact will be felt is that remarkable intangible called confidence. this is an economy more so than most economies in the world where economic decisions are good bide decisions of that are taken by american individuals and businesses. someti
economy. the bill for this gridlock is in the billions, estimates are over 20 billion. >> sure. >> it threatened a downgrade to our credit rating again. it's had a negative impact on employment, business earn beings, borrowing costs, consumer confidence took the biggest hit since 2,008. residential real estate may have suffered. >> correct. >> where due see the bulk of the impact ? >> there are two problems, all the stuff you just mentioned doesn't mat some 50...
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the american economy still remains the largest in the world. the problem is the reality so the americans can't be trusted anymore that's just a quick taste so you can catch more debates and opinions from moscow hong kong and london after this break. also coming up greg glimpse inside guantanamo as our correspondent gets unique access to the infamous facility that's caused a decade of fear and a few restate with us here on our t.v. . interview. dramas that try to be ignored. stories others refuse to notice. so it's a strange world. to picture. from around the globe. with more international news of this now i've talked to a number of experts today on our top story the majority of them are all but relaxed over the u.s. deal only delaying another risk of default as richard aynesworth the c.e.o. of a universal credit group explains our america hasn't actually averted the catastrophe . obviously the american dollar is the largest quantity of currency in the world the american economy still remains the largest in the world. the problem is the reality
the american economy still remains the largest in the world. the problem is the reality so the americans can't be trusted anymore that's just a quick taste so you can catch more debates and opinions from moscow hong kong and london after this break. also coming up greg glimpse inside guantanamo as our correspondent gets unique access to the infamous facility that's caused a decade of fear and a few restate with us here on our t.v. . interview. dramas that try to be ignored. stories others...
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Oct 18, 2013
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over the past four years our economy has been growing. our businesses have been creating jobs and our deficits have been cut in half. we hear some members pushed for the shut down say they were doing it to save the american economy. but nothing has done more to undermine our economy these past three years than the kind of tactics that create these manufactured crises. some of the same folks who pushed for the shut down and threatened default claim their actions were needed to get america back on the right track. to make sure we're strong. but probably nothing has done more damage to america's credibility in the world, our standing with other countries, than the spectacle that we have seen these past several weeks. it's encouraged our enemies. it's emboldened our competitors. and it's depressed our friend who look to us for steady leadership. >> the president also spoke of lessons learned from the government shutdown. >> one of the things that i hope all of us have learned these past few weeks is that it turns out smart, effective governme
over the past four years our economy has been growing. our businesses have been creating jobs and our deficits have been cut in half. we hear some members pushed for the shut down say they were doing it to save the american economy. but nothing has done more to undermine our economy these past three years than the kind of tactics that create these manufactured crises. some of the same folks who pushed for the shut down and threatened default claim their actions were needed to get america back...